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Activist Investor, Elliot, Increases Stake In bp To 5%
Activist investor, Elliot Investment Management has increased its stake in energy giant, bp, to 5%, making it one of bp’s largest current shareholders alongside other institutional investors like Vanguard. The investor is seeking for a transformational change within bp, including cutting spend...
BW Energy Announces 56 Million Barrels Oil Discovery Offshore Gabon
BW Energy has announced a large oil discovery offshore Gabon, with oil-in-place volumes estimated to be 56 million barrels. Reserves work out to be 25 million barrels, an almost 44 percent oil recovery factor.
The discovery came from the DBM-1 ST2 well in the Bourdon field offshore Gabon. The we...
India Increasingly Turns To Africa To Secure Its Energy Needs
Over the last couple of years, India’s oil imports from Russia have been on the decline, due in part to sanctions and other factors. Accordingly, India is increasingly looking elsewhere, particularly Africa, to increase its oil imports and diversify its energy sources. According to Reuters, In...
Tesla directors to repay up to $919 back to Tesla
Chancellor Kathaleen McCormick, a judge in Delaware has approved a case against certain Tesla board of directors who allegedly overpaid themselves. The judge ruled that Tesla directors including Robyn Denholm, Larry Ellison, Kimbal Musk and James Murdock must return almost $919 million back to the c...
Nvidia AI Chips Are Surpassing Moore's Law
According to Moore’s law, the number of transistors on a chip doubles about every 18 months. Well, Nvidia CEO, Jensen Huang said his company’s AI chips are progressing faster than this rate. The idea behind Moore’s law, which was first invented by Intel founder, Gordon Moore, was t...
Meta To Stop Content Moderation & Censorships
In a surprising U-turn from its previous policies, Meta, the Facebook parent company said it will stop fact-checking and moderating contents on its platforms. Joel Kaplan, Meta’s chief global affairs officer said in a blog post that the company will do away with its fact-checking program and i...
Meta to End DEI programs
Effective immediately, Meta is reportedly ending its diversity, equity, and inclusion (DEI) program. Such programs usually focus on hiring, sourcing, and working with individuals from diverse communities including Latinos and Blacks. The company said the legal and policy landscape around DEI is chan...
OpenAI Buys Domain Name Chat.com
Artificial Intelligence giant, OpenAI, has reportedly purchased the domain name, chat.com. The domain name was initially registered way back in 1996. In 2023, it was purchased by Dharmesh Shah, co-founder of Hubspot for $15.5 million.
He announced on a post on X that he has sold the domain name ...
TikTok Offices Ordered To Shut Down In Canada
The Canadian government has ordered TikTok, the popular social media platform, to shutdown all its offices in the country, citing concerns around national security. The ban does not affect the app itself, just its physical offices in the country. Users in the country can still access the app online,...
How Elon Musk & His Companies Will Be Impacted By Trump's Election Victory
Over the last few months, Elon Musk fully threw his weight and full support behind Donald Trump, campaigning alongside him in several rallies. He also appeared on many podcasts to speak in favor of Trump, and utilized X widely to spread goodwill for the former president. Additionally, he spent more ...
Mozilla Firefox Cuts Staff By 30%
Mozilla, the company responsible for the Firefox browser is reportedly laying off 30% of its workforce, to create a more agile and impactful organization. “We find ourselves in a relentless onslaught of change in the technology world, and the idea of putting people before profit feels increasi...
Ever Heard of Bendable, Malleable Solar Panels?
Traditional solar panels are stiff, flat-shaped, heavy, and fragile. And this is for a reason. Solar panels are usually made of monocrystalline silicon sandwiched between two glass walls which is also enclosed by metal walls. This extensive packaging is because monocrystalline silicon is fragile and...
This Company Rejected a $23 Billion Buy Offer From Google
Why would a four-year-old startup turn down a $23 Billion buy offer? Well, this is what Wiz, an Israeli cyber security company did. They rejected a $23 billion buy offer from Google. According to Assaf Rappaport, the company’s CEO, he believes the company has the potential to reach a $100 bill...
Lyft Fined $2.1 Million For Misleading Marketing Practices
The Federal Trade Commission (FTC) has fined Lyft, the ride-hailing company, $2.1 million. The fine is regarding Lyft’s deceptive marketing practices regarding how much drivers will earn, when in actual fact drivers earned much less than the advertised rates. For instance, in Los Angeles, Lyft...
Apple Releases Apple Intelligence
At its recent Worldwide Developers Conference, Apple announced the release of Apple Intelligence to its users. The new features were released to users of ios 18.1 and above, and is only available to users with iPhone 15 Pro, iPhone 15 Pro Max and other newer iPad models.
Apple Intelligence is a ...